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Trade-Ideas: Cliffs Natural Resources (CLF) Is Today's "Dead Cat Bounce" Stock

Trade-Ideas LLC identified Cliffs Natural Resources ( CLF) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Cliffs Natural Resources as such a stock due to the following factors:

  • CLF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $67.1 million.
  • CLF has traded 67,656 shares today.
  • CLF was down 8.8% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in CLF with the Ticky from Trade-Ideas. See the FREE profile for CLF NOW at Trade-Ideas More details on CLF: Cliffs Natural Resources Inc., a mining and natural resources company, produces and supplies iron ore. The company operates five iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia, which produces lump and fines iron ore. CLF has a PE ratio of 24. Currently there are no analysts that rate Cliffs Natural Resources a buy, 2 analysts rate it a sell, and 7 rate it a hold. The average volume for Cliffs Natural Resources has been 8.3 million shares...